Atmel Turns To Profit In Q4 - Quick Facts

(RTTNews) - Atmel Corp. (ATML) Wednesday reported fourth-quarter net income of $4.5 million or $0.01 per share, compared to net loss of $12.3 million or $0.03 per share last year.

Excluding items, adjusted earnings for the quarter were $43.6 million or $0.10 per share, compared to $29.4 million or $0.07 per share a year ago. On average, seventeen analysts polled by Thomson Reuters estimated earnings of $0.11 per share. Analysts' estimates typically exclude special items.

Revenues for the quarter were $353.22 million, up 2% from $345.08 million in the comparable quarter last year, while sixteen analysts expected revenues of $357.46 million for the quarter.